US stocks swim in red in thin trade
NEW YORK—US stocks slogged lower in thin trade Monday as investors digested news of North Korean leader Kim Jong-Il’s death and Europe’s latest efforts to contain the eurozone debt crisis.
After opening higher, the Dow Jones Industrial Average shed 99.52 points (0.84 percent) to 11,766.87 in closing exchanges.
The tech-heavy Nasdaq Composite tumbled 32.19 points (1.26 percent) to 2,523.14, and the broader S&P 500 dropped 14.34 points (1.18 percent) to 1,205.32.
Stocks were mired in negative territory “amid continued eurozone debt crisis concerns and solid weakness in financials,” Charles Schwab analysts said in a research note.
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